Economy

• Wednesday, April 15th 2020 - 13:14 UTC

  As demand from China and G7 members plunges, LAC faces sharp decline in growth, World Bank report

  

  The Latin America and Caribbean (LAC) region is seeing a sharp decline in growth due to the COVID-19 (coronavirus) crisis, which requires several policy responses to support the most vulnerable, avert a financial crisis, and protect jobs, according to a new report from the World Bank.

• Wednesday, April 15th 2020 - 10:04 UTC

  US will hold nations and individuals responsible for the pandemics accountable, announces Pompeo

  

  The United States is seeking to “fundamentally change” the World Health Organization, Secretary of State Mike Pompeo said on Tuesday after Washington decided to withhold contributions during the coronavirus pandemic. The United States is the top donor to the WHO, offering US$400 million last year.

• Wednesday, April 15th 2020 - 10:02 UTC

  IMF approves immediate debt relief for 25 of the poorest country members

  

  IMF Managing Director Ms. Kristalina Georgieva announced that the Executive Board approved immediate debt service relief to 25 of the IMF’s member countries under the IMF’s revamped Catastrophe Containment and Relief Trust (CCRT) as part of the Fund’s response to help address the impact of the COVID-19 pandemic.

• Tuesday, April 14th 2020 - 19:31 UTC

  IMF: Uruguay's economy will fall 3% in 2020; Latin America's, 5.2%

  

  According to the estimates of the International Monetary Fund (IMF), the Uruguayan economy will decrease by 3% this 2020. The “great closure” has been how the international body has defined, as the title of its World Economic Outlook, government measures against the global pandemic caused by the COVID-19.

• Tuesday, April 14th 2020 - 18:52 UTC

  “Good supply” in Falklands' supermarkets and of domestic fuel products

  

  The government of the Falkland Islands in a regular assessment of supplies and domestic fuel products said that the situation are “in good supply and no problems are foreseen”.

• Tuesday, April 14th 2020 - 08:53 UTC

  US controversy as to who decides reopening the economy and lifting ”stay at home”

  

  President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, not that of state governors, but legal experts disagree and governors are going their own way.

• Tuesday, April 14th 2020 - 08:40 UTC

  A Brazilian industry COVID-19 hasn't stopped: deforestation in the Amazon

  

  Deforestation in Brazil’s Amazon rainforest rose in March, government data showed on Friday, indicating that illegal loggers and land speculators have not stopped destroying the forest with the onset of the coronavirus outbreak.

• Tuesday, April 14th 2020 - 07:48 UTC

  Exxon raises US$ 9,5bn to bolster its finances; shares have lost 38%

  

  Exxon Mobil Corp on Monday raised US$ 9.5 billion in new debt, with the largest U.S. oil producer seeking to bolster its finances while debt markets remain open to new deals.

• Monday, April 13th 2020 - 12:22 UTC

  Latam Brazil CEO: “We expect demand to return to pre-crisis levels in two to three years”

  

  In a general sense, airlines around the world have already realized the short-term effects and the best way to survive the coronavirus crisis. Now, another vital question faces the industry: how demand for air travel will behave after the pandemic is under control?

• Monday, April 13th 2020 - 10:54 UTC

  Oil prices recover modestly following a historic deal by world's largest producers

  

  Oil prices jumped on Monday after swinging wildly in early trading as investors weighed whether a historic deal by the world’s biggest producers to cut output would be enough to steady a market pummeled by the coronavirus.